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  2. The next revaluation will come into effect on 1 April 2023 and will be based on values on 1 April 2021. This means that new rateable values will reflect changes in the rental property market over the six years between those two dates.
    valuationoffice.blog.gov.uk/2022/12/06/why-your-pr…
    The 2023 revaluation saw a 7.1% increase in the total rateable value (RV) on the local lists for England and Wales. The retail sector, as defined by the VOA, was the biggest winner, with a 10% reduction in rateable value, with offices seeing a 10.2% increase, and industrial properties with a 27.1% increase.
    www.altusgroup.com/insights/getting-to-grips-with-…
    On a general level, the following statistics published by the Valuation Office Agency, (VOA) summarise the changes that are set to be made to the rateable values from April 1st 2023: The total rateable value for England and Wales on the local lists increased by 7.1% Total rateable value for England was increased by 7.3%
    www.colliers.com/en-gb/news/blog-tenants-needs-t…
     
  3. People also ask
    What does business rates 2023 revaluation mean?Business Rates 2023 Revaluation – what does this mean for you? Business Rates 2023 Revaluation – what does this mean for you? The next nationwide business rates revaluation is to take place on 1 April 2023, placing new rateable values on all 2.1 Million properties liable for business rates.
    Does the 2023 revaluation change the rateable value of non-domestic properties?This statistical release shows the change in the rateable value of non-domestic properties as a result of the 2023 revaluation, to reflect changes in the property market since the previous revaluation in 2017. The rateable value determined by the Valuation Office Agency (VOA) provide the basis for national non-domestic (business) rates bills.
    What is the rateable value of a property in 2023?Rents have increased significantly given this demand and the limited supply of this type of properties. Rateable values reflect this. In the 2023 list, the total rateable value is £2.43bn, with 1,550 properties. Distribution and logistics properties have seen an average increase in their rateable values of approximately 35%.
    When will the revised 2023 rateables be published?The draft lists with the revised 2023 rateables will be published in December 2022, although your new business rates won’t come into effect until 1 April 2023.
     
  4. Revaluation 2023 and business rates – Valuation …

    WebNov 23, 2022 · Rateable values reflect this. In the 2023 list, the total rateable value is £2.43bn, with 1,550 properties. Distribution and logistics properties have seen an average increase in their...

  5. The 2023 Business Rates: Getting To Grips With New Rateable …

  6. Business rates: the 2023 revaluation - House of Commons Library

  7. Revaluation 2023 and business rates | Journals | RICS

    WebIn the 2023 list, the total rateable value is £16.3bn, with around 437,000 office buildings. These have seen an average increase in rateable values of around 10%.

  8. The Future of Business Rates | Revaluation 2023 and …

    WebBusinesses across the country will be cautiously anticipating their new rates bill as the first ever three year rating list comes into effect on 1 April 2023. Many will be hoping to see a reduction in their annual liability, while …

  9. Colliers | 2023 Business Rates Rating Revaluation

    WebThe 2023 Rating List values have been massively impacted by COVID-19 in both an upwards and downwards direction, dependent on the sector. Now is the time to review your assessment for the Revaluation, so that any …

  10. Business Rates 2023 Revaluation – what does this …

    WebPublished : 20/06/2022 by Robert Sherwill. The next nationwide business rates revaluation is to take place on 1 April 2023, placing new rateable values on all 2.1 Million properties liable for business rates. The new …

  11. What do we know about the 2023 Business Rates Revaluation?

  12. Why your property’s rateable value might change

  13. Why business rates will be big concern in 2023 | Journals | RICS

  14. What tenants need to know about the draft 2023 Business Rates ...

  15. Business Rates Revaluation 2023: Consultation on the …

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